Hurco Companies (NASDAQ:HURC) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Hurco Companies, Inc. shares recently surpassed their 200-day moving average, reaching a high of $19.34 and closing at $18.16.
• The company reported a negative earnings per share of ($0.62) for the latest quarter, alongside a negative net margin of 10.58%.
• Insider Chairman Michael Doar recently acquired 4,000 shares of the company's stock, increasing his position in Hurco by 1.86%.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.21 and traded as high as $19.34. Hurco Companies shares last traded at $18.16, with a volume of 9,371 shares changing hands.

Hurco Companies Trading Down 3.3%

The company has a market cap of $118.22 million, a price-to-earnings ratio of -6.07 and a beta of 0.55. The business has a fifty day moving average price of $17.88 and a two-hundred day moving average price of $17.21.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. The business had revenue of $40.87 million during the quarter.

Insider Buying and Selling

In other news, Chairman Michael Doar acquired 4,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average price of $15.74 per share, for a total transaction of $62,960.00. Following the completion of the acquisition, the chairman owned 219,460 shares of the company's stock, valued at approximately $3,454,300.40. This represents a 1.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 12,820 shares of company stock valued at $220,491 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,591 shares of the scientific and technical instruments company's stock after buying an additional 4,036 shares during the period. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned 0.44% of Hurco Companies worth $443,000 at the end of the most recent quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.

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